Q2 Holdings, Inc. (QTWO) – What Are Investment Firms Thinking About This Stock?

Q2 Holdings, Inc. (NYSE:QTWO) has received an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $78.33.

QTWO has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Q2 in a research note on Thursday, October 29th. Morgan Stanley upped their target price on shares of Q2 from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Wall Street Zen lowered shares of Q2 from a “buy” rating to a “hold” rating in a report on Sunday, October 18th. Needham & Company LLC boosted their price target on shares of Q2 from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Q2 in a research note on Thursday, October 29th.

Insider Activity at Q2

In other Q2 news, CFO Jonathan Price sold 77,180 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $65.71, for a total transaction of $5,071,497.80. Following the sale, the chief financial officer owned 207,633 shares in the company, valued at approximately $13,643,564.43. The trade was a 27.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Rutledge sold 10,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.07, for a total value of $630,700.00. Following the completion of the sale, the insider owned 113,913 shares of the company’s stock, valued at $7,184,492.91. This trade represents a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 87,816 shares of company stock valued at $5,740,968 over the last 90 days. 0.88% of the stock is owned by corporate insiders.

Institutional Trading of Q2

A number of hedge funds and other institutional investors have recently bought and sold shares of QTWO. Dimensional Fund Advisors LP boosted its position in shares of Q2 by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,009,773 shares of the technology company’s stock worth $47,760,000 after buying an additional 259,912 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Q2 by 7.8% in the first quarter. The Manufacturers Life Insurance Company now owns 698,693 shares of the technology company’s stock valued at $33,048,000 after buying an additional 50,473 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Q2 by 139.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 516,246 shares of the technology company’s stock worth $24,418,000 after purchasing an additional 300,375 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Q2 in the 2nd quarter worth about $19,639,000. Finally, Wellington Management Group LLP increased its holdings in Q2 by 9.0% during the 2nd quarter. Wellington Management Group LLP now owns 353,484 shares of the technology company’s stock valued at $17,003,000 after purchasing an additional 29,075 shares during the period.

Q2 Trading Down 2.6%

Shares of QTWO stock opened at $73.66 on Monday. The stock has a 50 day moving average of $62.29 and a 200 day moving average of $54.91. Q2 has a twelve month low of $40.79 and a twelve month high of $76.37. The stock has a market cap of $4.55 billion, a P/E ratio of 39.80 and a beta of 1.36.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $225.77 million for the quarter, compared to analyst estimates of $221.23 million. Q2 had a net margin of 12.66% and a return on equity of 17.85%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. On average, research analysts predict that Q2 will post 1.88 earnings per share for the current fiscal year.

Q2 Company Profile

Q2 Holdings, Inc is a financial technology company that provides cloud-based software to banks, credit unions and other financial institutions. Its platform is designed to help these organizations deliver digital banking experiences, manage customer relationships and expand access to financial services through online and mobile channels.

The company’s products and services include digital banking, account opening, lending and loan origination, payments, data and analytics, financial crime prevention, and tools for managing customer engagement.